EXCLUSIVE: Statement on Claudine Gay from Vernon Smith, Winner of the 2002 Nobel Prize in Economics

Dr. Smith obtained his PhD in Economics from Harvard in 1955.

‘‘Smith shared the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his work in the field of experimental economics. He worked to establish laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms''

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Dr. Smith told Karlstack:

‘‘I see Gay as getting her post at Harvard because she was a diversity, equity and inclusion candidate, not on the basis of strong academic qualifications. There are plenty of accomplished blacks who need no such ‘help.’ Harvard is reaping the negative consequences. I am not much concerned about Gay's success in exercising her power as I don't think she has much. She is a discredit to Harvard, and that is being revealed. See: https://www.wsj.com/articles/why-harvard-cant-fire-claudine-gay-dei-hiring-lack-of-merit-b1d480ec’’

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